NWO Shill Rick Perry Gets “Defender Of Jerusalem” Award

The city of Jerusalem is one of the oldest cities in the world and it has a new defender: Texas Governor Rick Perry.

In August, Perry was given the “Defender of Jerusalem” award. So Perry and his wife flew first class to Israel at more than $5,000 per ticket. The governor’s security detail of four Department of Public Safety (DPS) officers was also along for the trip.

They all took the 7,000 mile journey to accept the award at a time when the governor was asking everyone else in state government to cut back on travel. During a speech in Houston, Perry directed state agencies to “curtail taxpayer funded travel.”

According to state documents, the taxpayers’ bill just to take Perry’s security officers on the 5-day trip was more than $70,000. The breakdown includes $17,000 for rooms at the swanky King David Hotel, nearly $13,000 for food and more than 350 hours of overtime.

The specific price tag for the governor and his wife are secret. So when KEYE TV sister station CBS 11 (KTVT) asked to see the governor’s expense records for the trip, we received four pages and no specifics. Perry refused to do a formal interview with us and would only say, “Going to Israel or other countries is a wise investment for the state of Texas.”

Keith Elkins is executive director of the Freedom of Information Foundation of Texas. Elkins and his organization fight for government transparency. Elkins says, “This Governor operates under the premise of ‘believe what I say, not what I do.'” While Elkins suggests, “There is something else going on here,” he doesn’t know what that ‘something’ is.

Records obtained by CBS 11 show the governor’s airfare and trip costs for he and his wife were paid for by Irwin Katsof, a financier for energy companies around the world. And the man who presented Perry with the Defender of Jerusalem award,
Guma Aguiar, owns a company that made billions of dollars in the Texas natural gas industry. Aguiar also created the award given to Perry.

Just two weeks before Aguiar and Perry posed for pictures in Israel, Aguiar posed for a mug shot in Florida. He was arrested for possession of drug paraphernalia and possession of marijuana. Aguiar pleaded no contest.

Sheila Krumholz is the executive director of the Washington D.C. based Center for Responsive Politics, which tracks the effect of money on public policy. She says, “There is just too much of a potential for a conflict of interest with these trips particularly with privately sponsored trips.” Krumholz also wonders, “Is this the real deal or a sleight of hand to provide political cover of those attending?”

CBS 11 obtained a list of people on the trip. The organizers describe those attending as “an elite cadre of 20 executives in, gas and oil, biotech, finance and technology.” The list includes an out of state Congresswoman and Texas Railroad Commissioner Victor Carrillo, whose agency regulates the oil and natural gas industry in Texas.

Carrillo says he paid his own way but refused to show CBS 11 any of his expenses. Also on the list of travelers: a host of energy executives, the governor’s family — which included his son’s fiancée — and a member of the State Senate Committee on Natural Resources, Juan Hinojosa of McAllen. Hinojosa told us the trip was not about energy. “I don’t recall discussions about oil and gas with the business people there,” he said.

The governor and others met with the President of Israel, the Prime Minster and Israeli soldiers. They toured the old city of Jerusalem and snapped photos of Aggie souvenirs (the governor is a graduate of Texas A&M). Perry even took time to do an interview with an Israeli TV station. Remember, the governor is doing all this while asking other state employees to “curtail travel.”

Like the governor, State Senator Hinojosa’s entire trip was paid for by Katsof, the financier. Hinojosa also received the Defender of Jerusalem Award. But unlike the governor’s four pages of documents, Hinojosa gave us everything he had — fully disclosing the nature of the trip.

Hinojosa maintains there was no conflict of interest by accepting the trip. “We as public officials have to make decision on public policy. Not who contributes money or pays for a trip,” he explained. But Krumholz disagreed, saying, “This trip raises real concerns for the potential for a secret junket.”

The trip also had its share of perks. CBS 11 obtained private emails and found the organizer, Katsof, asked attendees what kind of scotch they preferred for a “scotch and cigar bar” where they would admire “a starry Jerusalem.” Krumholz says trips like this “can be a lucrative way to conduct business. You pay for vacation and in return you may get contracts or government brokered deals worth millions of dollars.”

In late May a Texas appellate court ruled that all DPS expense reports for the governor’s security detail were to be made public. A few days later, the state legislature passed a bill to get around that court ruling, allowing DPS to hide the expense reports of the governor’s security detail from public view. The law took effect immediately.

EU Calls for One World Government

For years now people such as G. Edward Griffin, Ron Paul, Eustace Mullins, and countless others have been warning everyone that the endgame of those in power is a one world government. Today it is not even kept under wraps anymore, the term “New World Order” which undoubtedly still conjures up pictures of tin foil hats in some peoples minds is now thrown around by some of the most powerful officials on the planet. We will have a one world government there is no doubt of that. However it is your duty to become informed and inform those around you so when the time is right, we the people can do what is right.

A good start would be to vote third party in this election, don’t choose between to globalists who are in it for big banks choose someone who will truely bring jobs back to America by kicking out the ILLEGAL IMMIGRANTS and sealing our borders, repealing NAFTA and CAFTA, and reducing the amount of government robbery of the citizens.

These videos clearly show the EU is pushing for the next step in World Government you need to spread these videos around the net and expose these Globalists for who they are. This isn’t just some conspiracy!


Top 10 Reasons Not To Vote for McCain

Don Feder, Coldsteel Caucus Report

I just got back from the annual Conservative Political Action Conference (CPAC) in Washington, D.C., where conservatives began lining up behind a man who’s been sticking it to us for years. By a process of self-hypnosis, many have managed to convince themselves that McCain is actually one of us.

Not for nothing did Benjamin Disraeli call conservatives the stupid party.

What part of John McCain do we not get? McCain-Kennedy, McCain-Feingold, McCain-Lieberman, McCain-Edwards — among other socialist, anti-speech, open-borders, enviro-Marxist measures he’s co-sponsored with the hardcore left of the Democratic Party over the years.

If Il Duce had served with him in the United States Senate, there would be McCain-Mussolini.

The moment Mitt Romney “suspended” his campaign and McCain became inevitable, the squawking began: “You mean you’d actually prefer Hillary or Obama (judges)? At least McCain is pro-life (judges). He’s a war hero who’ll ably lead us in the War on Terrorism (judges). Did we mention that he’ll appoint conservative judges?”

Before the chorus of amnesiac Chicken Littles drowns out the voices of reason, here are 10 reasons why conservatives should sever their right hands at the wrist before they pull the McCain lever in November…

1. Immigration – He’s not just pro-open borders, he’s Senor Amnesty – co-sponsor of McCain-Kennedy, which would have legalized 15 million illegal aliens, allowed them to bring in tens of millions of their mooching relatives (including the elderly and infirm), given them credit for past Social Security contributions, etc. The Heritage Foundation’s Robert Rector said McCain-Kennedy would have constituted the largest expansion of the welfare state in U.S. history (at an estimated cost of $2.6 trillion). A Republican who served with McNasty in the Senate said he was forever haranguing his GOP colleagues about being perceived as “xenophobes” for not supporting amnesty. At CPAC, he told conservatives he’s heard us. He’ll secure the borders first, then push amnesty – which, of course, will negate anything he does at the border. Build it (a suicidal welfare state that embraces alien intruders), and a fence won’t keep them out.

2. Multiculturalism – If his advocacy of open borders wasn’t enough, McCain has also opposed official English and supported bi-lingual education (two more issues where he’s out-of-step with the overwhelming majority of his countrymen). McCain even voted for an amendment that would have codified Clinton’s Executive Order 13166, requiring recipients of federal funding, like hospitals, to provide translation services in any language requested. (When it comes to pandering, cost is no object.) No wonder he’s a hero to LULAC (the separatist League of United Latin American Citizens), Geraldo Rivera and Juan Hernandez (his Hispanic outreach director, who says he’d like 7th. generation Mexican-Americans to think of themselves as Mexicans first). Look for President McCain to make Cinco de Mayo a national holiday, give his inaugural address in Arabic and light an annual Kwanza whatever on the White House lawn.

3. Enviro-Marxism – McCain’s supporters think he’s just the man to lead America in the War on Terrorism. What’s the principal weapon of terrorist states? Oil. What does McCain want to keep America from producing more of? Oil. In 2003, McCain was one of only 6 Republican senators to vote against drilling in the Arctic National Wildlife Refuge. For McCain, keeping America dependent on Middle Eastern oil is a small price to pay to make the caribou comfortable. He’s also the proud co-sponsor of McCain-Lieberman – a $660 billion monument to the myth of man-made global warming (an industry-killing cap on CO2 emissions), which would annihilate tens of thousands of American jobs and make us far less competitive. By what twisted logic does open borders, crippling U.S. industry and energy dependence equal national security?

4. Class Warfare – In the recent debate at the Reagan Library, McCain called Romney a “manager for profits” (would he prefer a businessman who managed for losses?) who has “laid people off” – thus demonstrating how little the Senator understands the market economy. Jobs aren’t permanent — except for those who’ve served in the Senate for 21 years — and sometimes they have to disappear so others can be created. In 2001, McCain was one of only two Republican Senators to vote against the Bush tax cuts. In 2003, he was one of only three. Now, he says it’s because there weren’t matching spending cuts. Then he called them “tax cuts for the rich.” This comes from a man who never held a private-sector job and made his money the old-fashioned way – by marrying an heiress whose father subsidized his early campaigns.

5. Abortion – McCain’s vaunted pro-life voting record reflects the views of his Arizona constituents more than any real commitment. He supports subsidies for embryonic stem-cell research. In 2000, he told the San Francisco Examiner that “certainly in the short term, even in the long-term I would not support repeal of Roe v. Wade.” (He later reversed himself under pro-life pressure.) Most critics view McCain-Feingold as an assault on the First Amendment, which it certainly is. It’s also one of the most destructive anti-life measures ever enacted by Congress. Under this so-called Campaign Finance Reform, a pro-life group can’t run ads criticizing the record of a pro-abortion legislator within 60 days of a general election or 30 days of a primary. Needless to say, there’s no similar gag-rule for McCain’s buddies in the mainstream media. Elsewhere on the family-values front, McCain voted against the Federal Marriage Amendment. He says it’s because he wants states to decide the definition of marriage (the only instance in which he’s on record favoring federalism), which is the same as saying he wants activist judges to decide.

6. Judicial Nominations – Though McCain denies it, columnist Robert Novak swears the frontrunner told him prior to confirmation of Justice Samuel Alito that the nominee was too conservative, and that he preferred those who “didn’t wear their conservatism on their sleeve” (like Sandra Day O’Connor and Anthony Kennedy?). McCain was also part of the Gang of 14 which prevented a rules change that would have stopped unconstitutional filibusters on judicial nominations. Former New Hampshire Senator Warren Rudman was responsible for the Supreme Court nomination of David Souter — the most disastrous Republican appointment since Earl Warren. (The play was Rudman to then-Chief of Staff John Sununu to Bush Sr.) Rudman has a prominent role in McCain’s campaign. Rudman could be President McCain’s Attorney General, giving him more say on judicial nominations than anyone other than the president. In his 1996 book, Rudman wrote that Christian conservatives include in their ranks “enough anti-abortion zealots, would-be censors, homophobes, bigots and latter-day Elmer Gantrys to discredit any party that is unwise enough” to align itself with them. With Warren Rudman at his side, it’s anyone’s guess whether McCain’s Supreme Court picks would be appreciably better than Clinton’s or Obama’s.

7. War on Terrorism – We’ve already noted McCain’s support for energy dependence and his crusade for open borders. (Besides all of the rapists, drug-dealers and gang members coming across our Southern border, terrorists are also infiltrating the United States due to the de facto surrender of national sovereignty.) McCain wants to close Guantanamo and give terrorists the same rights as enemy combatants. He opposes tough interrogation techniques that leave no scars, but have elicited the intelligence that has saved American lives. (Personally, I’d use thumbscrews and the iron maiden on this scum.) A McCain anti-terrorism policy is more likely to be shaped by his friends at the ACLU and The New York Times than by the Center for Security Policy.

8. McPsycho – McCain is famous for going postal on his Republican colleagues — dropping the F-word, calling them f—ing idiots and worse. His dangerous inability to control his temper comes from a God-complex and an ingrained contempt for other human beings. One of his colleagues commented, “I don’t want this guy anywhere near a trigger.” Given his mental state, McCain could end up nuking Terre Haute instead of Tehran.

9. Reaching Across the Aisle – This is media-speak for a Republican sell-out who conspires with the left. McCain doesn’t reach across the aisle – he leaps. Former Senator Rick Santorum discloses: “The bottom line is that I served 12 years with him (McCain), 6 years in the United States Senate as a leader, one of the leaders of the Senate – the number-3 leader – who had the responsibility of trying to put together the conservative agenda, and at almost every turn on domestic policy, John McCain was not only against us, but leading the charge on the other side.” Republican presidents who are unsure of themselves too often try to placate the other party. For McCain, working with the left is his natural inclination. He’ll turn to the Kennedys, Feingolds and Liebermans not as a last resort, but as a first.

10. Rally or Roll-Over — If a Democrat takes the oath of office next January, Congressional Republicans will find their principles again. From 1993 to 1995, without a majority in either House, Republicans fought Bill Clinton to a legislative standstill. They went on to win the House and Senate in the 1994 election — for the first time in 40 years – and to hold both for a decade. If McCain is elected, it will be roll-over time for Congressional Republicans – on taxes, regulation, environmentalism, speech-suppression, internationalism, multiculturalism, civil liberties for terrorists and open-borders. (When it comes to arm-twisting, Captain Queeg would make Bush look like Rebecca of Sunnybrook Farm.) This time, instead of losing power for a few years, the party could be permanently discredited.

Ultimately, all of this is academic. McCain’s chances of becoming the next president are none – and none. Since 1964, Republicans have won 7 of 10 presidential elections. They lost in 1976, 1992 and 1996. Each time, the party was saddled with a standard-bearer – Ford, Bush ’41, Dole – that a large part of the base couldn’t stand.

The American people are basically conservative. At some point, the Democrats always give away the game – expose themselves as the party of socialism, pacifism, racial-pandering and treason. They only win when Republicans sound an uncertain trumpet. McCain is a kazoo played by an asthmatic.

McCain is also old, abrasive and unlovable. (It was said of Bob Dole, another war hero, that he couldn’t sell beer on a troop ship. McCain couldn’t give it away.) Once the Democrats pick their nominee, McCain’s media cheerleaders will pack up their pompoms and move to the other side of the field.

President Bush – he of “compassionate conservatism,” mega-spending hikes and Hamas statehood– has just announced that John McCain is a “true conservative.”

I rest my case.

The buck doesn’t stop here; it just keeps falling

By TOM RAUM

Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying “We accept euros” are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation’s largest brewer and iconic Super Bowl advertiser.

The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere.

Vacationing Europeans are finding bargains in the U.S., while Americans in Paris and other world capitals are being clobbered by sky-high tabs for hotels, travel and even sidewalk cafes. Northern border-city Americans who once flocked into Canada for shopping deals are staying home; it’s the Canadians flocking here now.

Everything made in America — from goods to entire companies — is near dirt cheap to many foreigners. Meanwhile, American consumers, both those who travel and those who stay at home, are seeing big price increases in energy, food and imported goods. The dollar has lost roughly a quarter of its purchasing power against the currencies of major U.S. trading partners from its peak in 2002.

Since oil is bought and sold in dollars worldwide, the devalued dollar has made the recent surge in energy prices even worse for Americans, leading to $4 gasoline in the United States. Analysts suggest that of the $140 a barrel that oil fetches globally, some $25 may be due to the devalued dollar.

Further declines in the dollar will add to oil’s appeal as a commodity to be traded.

Oil, suggests influential energy consultant Daniel Yergin, is “the new gold.”

The limp greenback has had one big benefit to the U.S. economy: Since it makes American goods cheaper overseas, it has helped manufacturers who export and other U.S. based companies with international reach. Exports have been one of the few bright spots in an otherwise darkening U.S. economy.

Franklin Vargo, vice president of international economic affairs at the National Association of Manufacturers, welcomes the dollar slide, as do members of his organization.

“We can see that, when the dollar’s not overpriced, that people around the world want American goods and our exports are going gangbusters now,” he said.

He doesn’t see the dollar as undervalued. He sees it as having being overpriced in the 1990s — and what’s happened since as something along the lines of a correction.

Still, Vargo acknowledges the dollar’s decline has brought a measure of pain to some consumers. “As the dollar has gone down in value, that has added to the dollar cost of oil. No question. So having the dollar decline is not unambiguously a plus. That’s why we say there’s got to be a balance there somewhere. What we want is a Goldilocks dollar. Not too strong, not too weak. But just right. And only the market can determine that,” Vargo said.

Mark Zandi, chief economist at Moody’s Economy.com, said expanding exports due to a weak dollar are “an important source of growth, but it doesn’t add a lot to jobs, it doesn’t mean very much for the average American household. For the average American, for the average consumer, these are pretty tough times.”

The loss of the dollar’s purchasing power and international respect has some experts worrying that the euro might one day replace the dollar as the so-called primary reserve currency. And that could trigger a dollar rout as foreign governments and international investors flee from U.S. Treasury bonds and other dollar-denominated investments.

Making matters worse: The gaping U.S. current-account deficit — the amount by which the value of goods, services and investments bought in the U.S. from overseas exceeds the amount the U.S. sells abroad — and the low levels of domestic savings means that foreigners must purchase more than $3 billion every business day to fund the imbalance.

Since roughly half of the nation’s nearly $10 trillion national debt is held by foreigners, mostly in Treasury bills and bonds, such a withdrawal could have enormous consequences.

Yet Washington finds its options limited.

President Bush asserts longtime support for a “strong” dollar, and made that point again Sunday in a news conference in Japan with Prime Minister Yasuo Fukuda. “In terms of the dollar, the United States strongly believes — believes in a strong dollar policy and believes that the strength of our economy will be reflected in the dollar.”

But not once in his presidency has the U.S bought dollars on foreign exchange markets — called intervention — to help prop up the greenback. There’s no telling where the buck will stop these days, although for the past few weeks it seems to be in a holding pattern. Even as three Bush Treasury secretaries in a row spouted the strong-dollar mantra, the dollar kept tumbling against the euro, the pound, the yen, the Canadian dollar and most other major currencies.

The Federal Reserve could prop up the dollar by increasing interest rates under its control. Increased yields would make dollar-denominated investments more attractive to foreigners. But that could undercut the already anemic economic growth in a frail U.S. economy rocked by soaring fuel costs, falling home prices and rising unemployment — and the lowest reading of consumer confidence in 16 years.

The Fed must do a balancing act between keeping the domestic economy from going into recession and keeping inflation at bay.

Furthermore, no Fed likes to raise rates aggressively in a presidential election year. It seems more inclined to hold interest rates low for now to give financial markets time to recover from the housing meltdown and credit crunch. It did just that in its meeting on June 25, leaving a key short-term rate at 2 percent. The rate reached that level in April after a series of aggressive cuts that brought it down 3.25 percentage points since September. Those cuts helped ease the housing and credit crises — but drove the dollar further down.

In early June, Bush declared before his trip to Europe: “A strong dollar is in our nation’s interests. It is in the interests of the global economy.” That, plus a warning by Fed Chairman Ben Bernanke that the dollar’s weakness was contributing to U.S. inflation, seemed to temporarily break the dollar’s tumble. Presidents and Fed chairmen don’t usually talk directly about the dollar and exchange rates — leaving that up to the Treasury secretary — and international bankers and investors took note of the high-level attention.

Over the past few weeks, the dollar has remained relatively stable, although it took a dip after the Fed decided to leave rates unchanged. The long slide may not be over.

Still, if the Fed moves to lift rates later this year, as some traders and investors anticipate, it could buttress the dollar and spur an exodus of speculators from the oil market — helping to both prop up the dollar and drive down oil prices. But few economists are sanguine that the economy will improve any time soon.

The other main tool to move the dollar — intervention in currency markets by buying dollars and selling other currencies — is risky.

It would take great sums of money to make any difference. The foreign exchange market is the largest in the world, with over $1 trillion traded each day. Seeing the U.S. trying to prop up the greenback by buying dollars could be taken as a sign of desperation and possibly trigger a renewed round of selling.

Furthermore, there has been little encouragement for such a strategy from finance ministers from the Group of Eight wealthy democracies — Japan, Britain, Germany, France, Italy, Canada and Russia plus the U.S.

Leaders of the eight countries were to meet in Japan beginning Monday, but the falling dollar was not even on the formal agenda. It’s too touchy an issue, and the dollar’s relative stability over the past few weeks makes it easier for world leaders to steer clear. “People will be talking about it in the corridors,” said Reginald Dale, a senior fellow with the Center for Strategic and International Studies.

Treasury Secretary Henry Paulson has suggested that nothing is “off the table” including intervention. But Bush has made statements suggesting he intends to let market forces set exchange rates.

The dollar has fallen so far, it will be difficult to halt or reverse its slide.

U.S. efforts to persuade Saudi Arabia and other major oil-producing nations to increase their production — and help ease pressure on both oil prices and the dollar — have brought scant results.

“There’s no magic wand,” said White House press secretary Dana Perino. “It’s not going to be a problem that we solve overnight.”

The impact of the falling dollar is not always visible to the average consumer. Not like the big numbers on gas pumps that give stark evidence of price levels.

But imported goods, from fuel to cars from Japanese automakers and toys from China — are getting more expensive just as U.S. wages are either stagnant or falling.

American companies suddenly look cheap to acquisition-minded foreigners, particularly those based in Europe.

Belgian-based InBev’s hostile bid for Anheuser-Busch is a recent example. It has bid $46 billion to acquire the company — a 30 percent premium above where Anheuser’s shares traded before the June 11 proposal.

A successful acquisition by InBev would put the last remaining mass-market American brewer in foreign hands. InBev is based in Belgium but run by Brazilians. Anheuser-Busch, which brews both Budweiser and Bud light, holds a 48.5 percent share of U.S. beer sales. Anheuser-Busch rejected InBev’s bid, but the Belgian brewer forged ahead, seeking to unseat Anheuser’s 13-member board and take its offer directly to shareholders.

If the takeover goes through, it might open the floodgates to other foreign takeovers of American companies.

Some of the dollar’s decline depends on hard-to-measure factors, like the psychology of foreign investors.

When the U.S. economy is weakening, many investors stay away. The slide of the dollar has coincided with a long period of relatively low interest rates.

And some of the decline in the dollar’s global role “is due to the foreign policy failures of the Bush administration, not just to recent economic developments and policies,” suggests Adam S. Posen, deputy director of the Peterson Institute for International Economics and a former economist at the Federal Reserve Bank of New York. In other words, some international investors unhappy with Bush’s policy on Iraq or toward other parts of the world might not wish to invest in American companies or buy U.S. bonds.

Still, he argues that the euro is unlikely to replace the dollar as the world’s main reserve currency, and that the euro may be at “a temporary peak of influence.”

David Wyss, chief economist at Standard & Poor’s in New York, says he envisions a day when the dollar and the euro will share billing as the world’s reserve currencies.

He predicts that the dollar will remain roughly at its present levels “for a couple years.” Still, he says, “We might not be done with this down leg.”

Another big problem for the dollar is that the European Central Bank is likely to hike rates while the Federal Reserve stands pat, giving euro-based investments a bigger yield advantage.

“I could see more downward pressure on the dollar, over the course of the summer, not dramatically, if the ECB does raise rates,” said Robert Dye, an economist with PNC Financial Services Group. “If it is one and done, pressure will be minimal. But if it’s an ongoing pattern of rate increases, there will be more substantial pressure.”

A euro now buys as much as $1.55 in the United States.

The dollar has been the leading international currency for as long as most people can remember. But its dominant role can no longer be taken for granted.

Paul Volcker, who headed the Federal Reserve from 1979-87, warned in April that the nation was in a dollar crisis, and that what is happening now reminds him of the early 1970s, when serious inflation erupted as economic growth stagnated.

Then, as now, a weak economy limited the Fed’s options. The result was a spiral of rising prices and wages — until the Fed, led by Volcker, suppressed double-digit inflation with huge interest rate increases that pushed the economy into a steep recession in 1982. He recently criticized the current Fed as defending the economy and the market, instead of defending the dollar. Volcker said that will make defending the greenback much harder later.

Energy consultant Yergin, chairman of Cambridge Energy Research Associates, recently told the House-Senate Joint Economic Committee that oil had become “the new gold.”

“Oil has become a storehouse of value — reflecting broad global economic trends and imbalances. At the same time, oil is increasingly seen as an asset by financial investors, an uncorrelated alternative to equities, bonds, and real estate,” he said.

When the credit crisis broke last summer, the result was a sharp reduction in interest rates by the Fed. That, in turn, accelerated the fall of the dollar.

“Instead of the traditional `flight to the dollar’ during a time of instability, there has been a `flight to commodities’ in search of stability during a time of currency instability and a falling dollar,” Yergin said. “There’s a painful irony here: The crisis that started in the subprime market in the United States has traveled around the world and, through the medium of a weaker dollar, has come back home to Americans in terms of higher prices at the pump.”

Cops Go Undercover in Peaceful Anti NAU Protest to Incite Riots

This is really scary stuff, it shows you how far the governments of our countries will go to get the NAU into action. It is simple the Canadian police sent in these masked men to pose as protesters but they were to incite a riot so the police could break up the protest and then for the next year make the anti NAU people out to be militant. This is sick and we cannot let this stuff go on.

(Actual Video)

(News followup)